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Shared Ownership in Hyndburn

Across England, the Government supports a range of schemes to support affordable home ownership. All official schemes outside London fall under the homebuy brand of government backed affordable home ownership. The most established scheme is shared ownership, otherwise known as part buy part rent but there are also shared equity schemes (e.g. Firstbuy), and rental products, including rent to buy. For more detail on the specific homebuy schemes available in Hyndburn click on the tabs at the bottom of the page. In addition, at sharetobuy.com there are a range of options open to people wishing to research their affordable housing options:

Your options

To search for shared ownership properties for sale in Hyndburn, use the search tool on the left hand side of the page or click here to go straight to search results in Hyndburn. If you cannot find anything that suits your needs at this time we are constantly adding properties and you can register to receive property alerts whenever we do so.

Check Eligibility

For further information and to express an interest, please contact the Regenda Homes sales team, Karen Swindells or Steve McNally on 0344 736 0063. Properties will be available for viewing Spring 2015 onwards. Prices subject to valuation and may change, based on 50% & 75% shares.

Check Eligibility

For further information and to express an interest, please contact the Regenda Homes sales team, Karen Swindells or Steve McNally on 0344 736 0063. Properties will be available for viewing Spring 2015 onwards. Prices subject to valuation and may change, based on 50% & 75% shares.

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The London boroughs of Croydon, Kingston upon Thames, Lambeth, Merton, Richmond upon Thames, Sutton, and Wandsworth make up the South West sub region. There is a regular ongoing programme of shared ownership developments in the South West of London, in particular in Croydon, Lambeth and Wandsworth.

Part buy part rent in Hyndburn

The longest-running affordable home ownership scheme is 'shared ownership', and this is often referred to as 'part buy part rent' because you literally buy part of a property and then pay rent on the remainder. Thus, the product can be seen as literally offering a stepping stone between renting and buying. When you part rent part buy a home, the share can start from as little as 25% and the rent on the remaining share is usually capped at an affordable amount usually in the region of 2.75%. If you consider that availability of mortgages with a 5% deposit has historically been strong in the shared ownership scheme, you can potentially put down just 5% of 25% of the purchase price and as you may often not have to pay the purchase tax known as stamp duty, it makes the total cash you need typically far lower than buying on the open market. Another strong feature of the part buy scheme in Hyndburn and elsewhere is that there is an established second hand market of part buy part rent homes. Although most properties are available on a new build basis, over time, these properties can be sold on to new buyers and if the owner has not yet bought 100% of the property they can offer their existing share for sale on a second hand basis in a process known as a 'resale'. Search sharetobuy.com for part buy part rent properties in Hyndburn and across England.

Shared Equity in Hyndburn

Shared equity schemes are not to be confused with shared ownership (AKA 'part buy part rent'). With shared equity, you purchase ALL of a property but you receive an equity loan for part of the deposit and this can be quite substantial. For example, with the main government backed homebuy shared equity scheme 'Firstbuy', you take out a mortgage for 75% of the property price, putting down just a 5% deposit. The government and builder each lend you 10% on favourable terms as equity loans. Thus, overall, you put down a 5% deposit but can access mortgages broadly as if you were putting down a 25% deposit. On sharetobuy.com, we present Firstbuy and other shared equity properties as if you are buying an 80% share because this is how most customers understand the product and perhaps the most understandable way of explaining it. Nevertheless, unlike part buy schemes where you are only purchase part of a property (usually from a housing association), with shared equity you are technically purchasing the whole property (usually from a developer, though some housing associations do offer Firstbuy and their own equity loan products). Please note that Firstbuy is similar to the Homebuy Direct equity loans product that preceded it, but there is little Homebuy Direct property remaining. Search sharetobuy.com for Firstbuy properties in Hyndburn and across England, for sale on a shared equity basis.

This is a local government district with borough status in Lancashire, England whose council is based in Accrington and the district is named after the River Hyndburn. In 2010, Hyndburn was voted the 10th best council in the Times "Best Public Sector Places to Work" and made it to the Times Best Companies Guide.